Malcolm, Chen, & NozzMalcolm Shaw comments (Oct 4th, 2021)
I don’t expect to make a big score here, but I can easily make a case that the stock is worth $2 based on what I know today
Chen Lin comments (Jan 24th, 2022)
I see the fair value of the Thai assets, even with 30% discount, to be much higher than the $0.85."
(Feb 1st, 2022)
"Pan Orient Energy Corp. announced the reserve report. . .its after-tax net present value at 75 oil is CA$1.09/share (10% discount rate) to 1.24/share (5%). That led me to believe strongly that the share price should be well over CA$1 after the CA$0.40 distribution next week."
Nozzpack comments (Feb 7th, 2022)
So residual value after the $0.40 dividend will be reduced to about $0.60 per share.
Radcat: If we are only going to get $0.60 post distribution as per Nozz, we may as well keep the assets since it wouldn't be worth selling.